The Pursuit of Scrappiness INSIGHT #16: VC Reveals The Inside Pressure Of Hitting 3X Return Benchmarks And Having To Wait 6–8 Years To Know Whether The Fund Succeeded (And Most Don’t)
This is an insight from our previous conversation on the intricacies of VC business:
- Winners in VC portfolios usually take 6–8 years to emerge—sometimes longer.
- The 3x return benchmark is extremely difficult to hit.
- Many funds don’t actually meet their targets, especially emerging managers.
- Emotional reality: fund managers often don't know if they succeeded for almost a decade.
Jone Vaituleviciute is the managing partner and co-founder of Firstpick, an early-stage VC and accelerator program based in Lithuania and operating across the Baltics. In this episode we decided to focus more on VC as a business rather than looking at startups and founders from a VC perspective. Before starting Firstpick, Jone was a partner at StartupWiseGuys.
Listen to the full conversation with Jone here on Episode 164:
- Link to Spotify
- Link to Apple Podcasts
- https://www.pursuitofscrappiness.co/episodes/164-jone-vaituleviciute
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